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The Same Day Podcast

Business & Economics Podcasts

This is the Same Day Podcast, where we discuss driving incremental business growth and other topics related to real estate, property management, and entrepreneurship.

Location:

United States

Description:

This is the Same Day Podcast, where we discuss driving incremental business growth and other topics related to real estate, property management, and entrepreneurship.

Language:

English


Episodes
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Real Estate Investment Strategies: Leveraging Creative Financing and Market Trends

5/7/2024
Ryan Blackstone is the Team Lead and Owner of Blackstone & Company, a real estate firm based in Northwest Arkansas. With a bachelor's degree in finance and a minor in business management, Ryan entered the real estate industry as an investor in 2013 and became an agent in 2014. His expertise lies in guiding his team and clients through the complexities of real estate investments, focusing on single-family and boutique properties. Responsible for hiring, training, and coaching his team, Ryan ensures that each transaction is conducted smoothly while helping both clients and team members understand and leverage financial strategies to build wealth. In this episode… In the dynamic world of real estate investment, strategies can make all the difference between success and missed opportunities. With market trends constantly shifting and financing options evolving, how can investors stay ahead of the curve? Are there creative approaches that offer a competitive edge in today's landscape? According to Ryan Blackstone, a seasoned real estate professional with a track record of success, understanding the nuances of financing and market trends is essential for investors. He emphasizes the importance of recognizing the interplay between cash flow, equity, and risk tolerance. By leveraging creative financing solutions like “subject to” deals and owner financing, investors can navigate market challenges and capitalize on emerging opportunities. In this episode of The Same Day Podcast, host Yoni Schmidt sits down with Ryan Blackstone, Team Lead and Owner of Blackstone & Company, to talk about real estate investment strategies. They discuss leveraging creative financing solutions, understanding market trends, and mitigating risks to build a resilient real estate portfolio. Ryan also provides invaluable insights into maximizing returns through strategic property acquisitions.

Duration:00:46:41

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Beyond Traditional Buying: Exploring Creative Real Estate Financing Techniques

4/30/2024
Chris Prefontaine is the Founder and Chairman of Smart Real Estate Coach, a company dedicated to mentoring real estate investors across North America. With over 30 years of experience in real estate, he has become known for his innovative approach to property acquisitions and creative financing methods. Chris is a four-time best-selling author and has been recognized as a Forbes Business Council member and a three-time Inc. 5000 honoree. His commitment extends beyond his professional achievements, actively participating in philanthropic efforts, including supporting the Wounded Warrior Project. Through his work, Chris aims to offer practical strategies that challenge conventional real estate wisdom and enable more people to achieve financial independence. In this episode… Conventional real estate investment methods often involve high risks and massive debt burdens. What if there were more creative, less conventional ways to build a real estate portfolio without the traditional financial strain? Could innovative real estate financing techniques be the answer to sustainable wealth building? According to Chris Prefontaine, a seasoned real estate investor with over 30 years of experience, the answer is a resounding yes. Chris emphasizes the power of non-traditional investment strategies such as "subject to" deals and his signature 3 Paydays system. These methods not only minimize personal financial risk but also offer continuous cash flow and potential long-term gains. By focusing on creative financing, investors can navigate the complexities of the market, adapt to economic changes, and secure profitable deals with structured, predictable returns. In this episode of The Same Day Podcast, host Yoni Schmidt talks with Chris Prefontaine, Founder and Chairman of Smart Real Estate Coach, about redefining the approach to real estate investments. They talk about the effectiveness of innovative financing, the benefits of the 3 Paydays system, and strategies for risk minimization.

Duration:00:29:13

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1031 Exchanges: Fast-Tracking Your Real Estate Investment Portfolio

4/23/2024
Marissa LoCascio is the Senior Vice President and Chief Compliance Officer at 1031 CORP, a company specializing in 1031 exchanges, which allows real estate investors to swap one investment property for another and defer capital gains taxes. Marissa is an expert in real estate investments and helps clients navigate the complexities of 1031 exchanges. Her qualifications as a paralegal and Certified Exchange Specialist (CES®) further underscore her expertise in this field. Beyond client work, Marissa regularly conducts seminars to educate real estate professionals and investors on the numerous benefits of IRC Section 1031. In this episode… Most investors work long and hard to build sizable real estate portfolios. However, there are ways to shortcut the process. How can a 1031 exchange help you transform your investment strategy? A veteran in the area of 1031 exchanges, Marissa LoCascio says the strategy can be a game-changer for real estate investors, enabling them to achieve both short- and long-term investment objectives. By repeatedly employing a 1031 strategy, investors can sell properties and reinvest the proceeds in more real estate, all while deferring taxes. Marissa says this strategy paves the way for future acquisitions of more significant assets, such as a large commercial piece of real estate. Each use of this strategy brings investors closer to their ultimate goals. In today's episode of The Same Day Podcast, Yoni Schmidt joins Marissa LoCascio, Senior Vice President and Chief Compliance Officer at 1031 CORP., to discuss the intricacies of 1031 exchanges. Marissa shares her insights on how investors can leverage the 1031 strategy to achieve their investment goals, the common misconceptions regarding 1031 exchanges, and the rules and processes for executing a successful 1031 exchange.

Duration:00:59:15

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How Financial Woes Can Give Birth to a New Business

4/16/2024
Brad and Megan Skaggs are the Founders of Beauty of Wealth, a venture that empowers and supports beauty professionals to become financially literate. Brad is also the Facility Solutions Manager at City Wide Facility Solutions, an experienced real estate developer, and an inspirational business leader. With over 12 years of experience in the real estate industry, Brad's expertise spans development, property management, and entrepreneurship. Megan is a hair stylist professional at HAIR+CO and has launched multiple businesses. The two continue to invest in real estate as a way to increase wealth while teaching other beauty professionals financial literacy through their Beauty of Wealth platform. Together, they aim to inspire and positively impact people's lives. In this episode… Working with your spouse comes with its share of challenges, but running a business together can be even more complicated. How did one couple merge their careers? When you have a vision for your life, perseverance can open up new opportunities. Husband and wife duo Brad and Megan Skaggs found themselves in a mound of debt but had aspirations of financial freedom. Although Brad was in real estate development, and Megan was working in a beauty salon, they aligned their careers toward one common goal, which gave birth to a new business. They began their journey by paying off debt and investing in real estate. As they began learning new wealth-building strategies, Megan's colleagues started asking for advice and direction. By pursuing opportunities that align with your values, you can achieve your goals while helping others work toward theirs. On this episode of The Same Day Podcast, Yoni Schmidt chats with Brad and Megan Skaggs about their career evolution. Brad and Megan share their insights on real estate development, lessons on determination, and how they started a new business venture.

Duration:00:41:42

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Growing and Scaling a Property Management Business: What’s the Recipe for Success?

4/9/2024
Nate Tew is the Co-founder and CEO of the Keyrenter Property Management Franchise and the Co-founder of Keyrenter Property Management Salt Lake City. As a skilled professional in his field, he has successfully devised and executed robust business strategies and cutting-edge systems and technologies to streamline operations. Nate collaborates with his team members to introduce novel processes and strategies that drive growth and efficiency. Nate is also a member of the National Association of Residential Property Managers (NARPM) and has served two terms on the Utah Chapter Board. As a frequent guest speaker, he shares his expertise on best business practices and innovative ideas in the property management industry. In this episode… Knowing the local real estate market is essential for property managers, but is it enough to succeed in this field? Despite this knowledge, many property management companies struggle. What key factors enable a property management business to grow and expand? As a property management professional, Nate Tew has developed processes that propel success. Although a strong understanding of the local real estate market is crucial, he says successful property managers must also have a knack for problem-solving and the ability to quickly address issues that arise. They can handle maintenance requests, tenant complaints, and other concerns promptly and efficiently. People who align with the company's mission and values help make that happen, and having a robust set of processes and systems in place, along with the right technology, can help streamline operations and improve the overall experience for tenants and property owners. Nate explains that if you strive to elevate your communication and level of service, you'll boost and expand the growth of your business. Join Yoni Schmidt on this episode of The Same Day Podcast with Nate Tew, Co-founder and CEO of Keyrenter Property Management Franchise and the Co-founder of Keyrenter Property Management Salt Lake City, to talk about the journey that has led Nate to where he is today. Nate shares why he enjoys the property management industry, what it takes to grow and scale a property management business, and the trends that are leading the industry.

Duration:00:58:28

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Working With Your Spouse: An Inspirational Journey in the Real Estate Industry

4/2/2024
Dick and Diane Higgins are a husband and wife duo with over 20 years of experience in real estate that includes home sales, property management, and investing in real estate rental properties. Together, they have built an impressive personal investment portfolio and have managed over 200 properties. They are the founders and former owners of Main Street Property Management, which they sold to Keyrenter Property Management Arkansas. Dick and Diane are both realtors for RE/MAX Real Estate Results. After selling their business to Keyrenter, Diane transitioned into a Business Development Manager role there, continuing to have a significant impact on the property management landscape. Dick is also a Realtor at Prime Real Estate & Development. Additionally, Dick and Diane work with nonprofit organizations such as Cobblestone Farms and Beautiful Lives Boutique. In this episode… Working with your spouse can be challenging for any couple. However, Dick and Diane Higgins have managed to build a career together in the real estate business. With over two decades spent in the real estate and property management business, Dick and Diane have dedicated their lives to helping others buy homes and guiding investors to find suitable rental properties. For spouses to work together effectively, Dick and Diane credit understanding each other's strengths and weaknesses and maintaining communication and a solid relationship. This carried over to how they've managed a thriving business. One of the most significant keys to success in their line of work is building relationships with property management team members, real estate investors, home buyers and sellers, and tenants. They believe treating people as individuals through direct involvement in the process and valuing their specific needs and goals is essential. Tune in to this episode of The Same Day Podcast as Yoni Schmidt talks with Dick and Diane Higgins about their journey in the real estate business. Dick and Diane explain the decision to sell their business, why strong relationships and team building are essential in property management, and what they have planned for the future.

Duration:00:40:33

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How Property Managers Can Form a Mutually Beneficial Partnership With Real Estate Agents

3/26/2024
Walter Bowser is the Business Development Manager at Keyrenter Property Management Oklahoma City, which provides property management solutions for homeowners and real estate investors. He is primarily responsible for driving growth and ensuring the organization's long-term sustainability. As an entrepreneur, he has experience in sales and product research and development. Before Keyrenter, Walter was the Co-owner of Bubble Calm, a Resident Services Manager and Housing Assistant at The Scion Group, and a personal banker for Simmons Bank. In this episode… Property management companies and real estate agents can foster a fruitful relationship that benefits both parties. What can property managers do to build relationships and support real estate agents? Walter Bowser shares insights on how property managers and real estate agents can develop a mutually beneficial relationship. By offering realtors tools to grow their businesses, property managers can attract new clients, which is profitable for both sides. At Keyrenter Property Management, Walter supports realtors in many ways, including providing a rental analysis that helps buyers determine rate expectations, offering an investment performance analysis, and recommending prime purchase locations where buyers can maximize their ROI. Through this partnership, realtors may refer their investor clients to Keyrenter and, in turn, receive a referral fee. Keyrenter helps realtors provide exceptional service so they can acquire more buyers and sellers. It's a win-win situation! In this episode of The Same Day Podcast, Chad Franzen of Rise25 interviews Walter Bowser, Business Development Manager at Keyrenter Property Management, about why you should build relationships with real estate agents. Walter talks about the tools Keyrenter offers realtors, how they support realtors, and how the relationship between the property manager and real estate agent benefits everyone involved.

Duration:00:14:15

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DIY Plumbing: What Owners Should and Shouldn’t Attempt Alone

3/19/2024
Aaron Wynn is the Owner and Operator of Wynn Plumbing, LLC, which has served Oklahoma City and the surrounding areas for over a decade. From minor repairs to major installations, the company provides top-quality, affordable plumbing solutions for homes and offices. Aaron focuses on helping homeowners navigate and repair routine plumbing issues through educational videos. In this episode… When renting properties, owners frequently face various inconvenient maintenance and repair issues. One problem that remains top of mind is plumbing, particularly clogged and frozen pipes and malfunctioning water heaters. What do homeowners need to know about plumbing maintenance, and how can they make repairs themselves? With a wealth of plumbing knowledge, small business owner Aaron Wynn says that the most common issues he encounters are pipes clogged with foreign objects and damage to tankless water heaters from improper use. Copper and cast iron pipes used in older homes tend to have increased buildup, whereas PVC pipes can tolerate objects like flushable wipes. To prevent frozen pipes from bursting, Aaron recommends turning your faucets on to relieve pressure. Tankless water heaters must be flushed out at least once a year to maintain longevity. Most maintenance and repairs should be conducted by professionals to avoid further damage, but to save money on additional plumbing expenses, Aaron recommends repairing faucet leaks yourself using DIY videos for guidance. In this episode of The Same Day Podcast, co-host Walter Bowser of the Keyrenter team interviews Aaron Wynn, the Owner and Operator of Wynn Plumbing, LLC, about typical homeowner plumbing concerns. Aaron shares the most common pipes and their purpose, how he adapts to rising prices amid inflation, and how to ensure your hot water tank complies with city regulations.

Duration:00:41:05

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How To Compete in the Banking Industry: Relationship-Based and Customer-Centric Service

3/12/2024
Jared Goldfarb is the Senior Vice President of Commercial Lending at BancFirst, a financial institution with over 100 locations across 60 communities in Oklahoma. BancFirst offers a range of personal and commercial products, including trusts, insurance, and investment services. Directly after graduation, Jared began his career in the banking industry selling annuities, mutual funds, and home equity lines of credit. After working at a few banks, his interest in commercial lending grew, and once he received an offer from BancFirst, he found it to be a perfect fit. He enjoys the community-focused atmosphere and the emphasis on relationship-based customer service and has played a pivotal role in shaping the financial landscape of numerous businesses. In this episode… Is it possible for a large bank to offer a range of products while maintaining a personal touch? Achieving this balance can be challenging but it's not impossible. Jared Goldfarb, a seasoned banking professional with two decades of experience, strongly believes in the importance of mutual respect and loyalty in building robust customer relationships. Large banks offer a broad range of products, but Jared prioritizes understanding his clients' needs and tailoring his services accordingly. Providing personalized service and quick response times is critical to maintaining the relationship. Highly selective when assessing potential clients, Jared prefers to establish long-term banking relationships with people rather than facilitating one-off transactions. Valuing conversations with clients to understand their vision will preserve a firm connection in the future. By focusing on building trust and providing exceptional customer service with a small-town feel, clients eventually become advocates and help grow the business through networking. On today's episode of The Same Day Podcast, Yoni Schmidt joins Jared Goldfarb, the Senior Vice President of Commercial Lending at BancFirst, to discuss how a large bank can offer the service and benefits of a small one. Jared shares why he believes building people-focused relationships is essential, how a bank can differentiate itself in a sea of competition, and some common misconceptions in the commercial lending space.

Duration:00:49:10

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Scaling a Business: The Power of Networking

3/5/2024
Brandon Neth is a growth manager, team builder, investor, and consultant with a significant following on social media. Over the last decade, he has been the Growth Manager for FinanceBuzz, including the FBZ Elite Facebook travel group, and the Co-founder of Evergreen Properties, where he and his wife Mariel have built an impressive portfolio of single and multifamily properties. He runs his Facebook and YouTube presence for The Neth Lab, where he discusses real estate, travel, and financial independence. Brandon has been featured in Business Insider, Yahoo, MSN, Credit.com, U.S. News, and Reader's Digest. In this episode… In the business world, you can reap many rewards by surrounding yourself with intelligent, educated, and experienced people. The lessons you learn from somebody in one sector can be applied to others, providing you with a broader perspective and a competitive advantage. As an entrepreneur, Brandon Neth networks for many reasons. He says learning from others' mistakes is valuable since you can avoid similar pitfalls in your own business pursuits. As a real estate professional and investor, Brandon used networking to connect with a realtor who eventually became his business partner. Through that relationship, he built associations with tradespeople, including plumbers, electricians, painters, drywallers, and others, to help grow his real estate portfolio. By learning from people who have faced similar challenges, you can apply what you’ve gained, and through trial and error, you can polish your business skills to improve your processes. Additionally, Brandon explains how he's used networking to build a significant social media following for his travel, financial literacy, and real estate channels. On this episode of The Same Day Podcast, Yoni Schmidt and Brandon Neth share insights on the power of networking. As an entrepreneur with a knack for real estate, travel, and financial independence, Brandon explains some of the pitfalls of growing a business, how adopting technology streamlines processes, his advice to aspiring property managers and investors, and his views on financial literacy.

Duration:00:52:49

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The Corporate Transparency Act: What Businesses Should Know

2/27/2024
Trevor Riddle is the Owner and Attorney at Riddle Law, PLLC, where he helps clients at every stage of life plan for the future through comprehensive family planning services, including estate planning, adoption, and surrogacy. As a seasoned attorney, he has 20 years of experience representing clients in real estate and business planning, protecting their individual freedom with empathy, understanding, and trust. In this episode… In 2021, congress passed the Corporate Transparency Act requiring businesses — namely LLCs — to disclose ownership parties. This purportedly reduces money laundering and the financing of terrorism. Yet tracing a company back to its original ownership is taxing, and the hidden requirements, stipulations, and exceptions can get businesses into trouble if not adhered to precisely. How can you navigate the Corporate Transparency Act effectively? With experience guiding businesses through the legal landscape, attorney and former litigator Trevor Riddle understands the reporting requirements of the Corporate Transparency Act. He maintains that any person or entity owning 25% or more of a company must be listed on the beneficial ownership interest report. This includes shareholders, members of a board of directors, and anyone who can make decisions on the corporation’s behalf. You must also include any individual responsible for filing the initial company creation documents. However, you aren’t required to list these individuals on the beneficial ownership interest report if the entity was created before January 1, 2024. Additionally, if you decide to acquire an additional partner, you must update the report. In this episode of The Same Day Podcast, Mat Zalk hosts Trevor Riddle, the Owner and Attorney at Riddle Law, who breaks down the Corporate Transparency Act. Trevor explains the exceptions to the law, how to navigate the act, and how to determine business ownerships and partnerships.

Duration:00:39:55

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Managing a Thriving Business: Tricks of the Trade

2/20/2024
Sarah Durbin is the VP of Franchise Success at Keyrenter Property Management. In her role, she leads group coaching sessions, hosts acquisition workshops, and provides one-on-one coaching to franchise owners and their teams. Sarah also serves as a business consultant on Keyrenter's corporate team. As a licensed real estate professional since 2006, Sarah previously owned and operated five property management firms, overseeing a portfolio of 1,200 homes. Currently, she works as an independent business consultant, where she focuses on helping small and midsize businesses streamline their operations, reduce costs, and optimize their departments to create more efficient and effective organizations. In this episode… Entrepreneurship is a demanding yet fulfilling journey. By leveraging the knowledge, insights, and best practices of those who have been there, you can navigate the ups and downs of entrepreneurship with greater ease and increase your chances of success. As a seasoned business consultant, Sarah Durbin has developed proven strategies to help businesses run smoothly. For example, if your company is experiencing a surge in growth, how do you know if it's time to hire additional staff? Sarah recommends evaluating performance to determine if employees are overworked since productivity will suffer if they're wearing too many hats. Your people need a company culture that fosters collaboration and enhances morale, which is also crucial to building a thriving business. Continuously developing and refining standard operating procedures (SOPs) is essential to ensure clear business processes. Business owners often have much to juggle, and distractions can present a significant challenge, so Sarah suggests structuring and protecting your calendar to ensure you can manage everything from client calls and business issues to family time. Tune in to this episode of The Same Day Podcast as Yonatan (Yoni) Schmidt joins Sarah Durbin, VP of Franchise Success at Keyrenter Property Management, to talk about how entrepreneurs can manage the demands of growing a business. Sarah talks about the challenges she first faced while growing her property management business, the importance of creating and refining SOPs, tactics to avoid disrupting your schedule, and the philanthropic endeavors she participates in to make a difference in people's lives.

Duration:00:49:48

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From Sale to Closing: Fine-Tuning the Home-Building Process

2/13/2024
Noah Bleicher is the Director of Operations at Capital Homes, a prominent home builder in the Tulsa, Oklahoma, area. In his role, Noah drives optimal efficiency and successful outcomes in all of the company's systems and processes. His proactive approach involves taking ownership of company initiatives and providing unwavering support to the sales, construction, back office, and executive teams. As an entrepreneur with a history in leadership roles, Noah demonstrates an ability to create and nurture flourishing businesses and possesses an aptitude for improving company processes. With an appetite for variety, he founded Viet Nom Nom, a Vietnamese restaurant and food service company, and Su Casa Colombia, where he transformed a bed and breakfast into a top-ranking lodging destination. In this episode… Buying a new home can be an intimidating endeavor, especially if you're having a contractor construct it from the ground up. When investing in the biggest purchase of your life, how can your new construction company provide a premium experience? From superintendents to subcontractors to lenders to office staff, building a home can require hundreds of hands to get it across the finish line, and most people don’t understand all the moving parts that bring it to fruition. With deep expertise in managing operations and serving customers, Noah Bleicher knows the value of going the extra mile for his clients. Noah explains being proactive and transparent and educating buyers makes them feel more comfortable with the process. When customers know they can reach out and get their questions answered, it provides them with a line of communication that goes beyond what most builders offer. To deliver exceptional service and maintain high-quality standards, home builders must continuously strive to improve systems and solicit feedback from their homeowners. In today’s episode of The Same Day Podcast, Yoni Schmidt interviews Noah Bleicher, Director of Operations at Capital Homes, about his insights into the home building industry. Noah shares how home builders can improve the customer experience, why technology and automation can be a game-changer, and how housing trends are affecting home purchasing patterns.

Duration:00:46:06

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How To Leverage Investor Dashboards To Analyze Rental Profitability

2/6/2024
Yonatan (Yoni) Schmidt is the Regional Vice President of Sales and Marketing at Keyrenter Property Management, which has offices in Tulsa, Oklahoma City, Wichita, and Arkansas. After working as a financial analyst at a private equity firm, he founded Tulsa Property Lad to offer clients a better way to buy, sell, manage, and invest in real estate. Yoni provides comprehensive Oklahoma real estate services and listings, supported by first-class customer service. In this episode… Real estate prices and interest rates fluctuate, and with so many factors involved in profitability, it’s often difficult for investors to forecast returns. When purchasing an investment property, how can you make informed decisions? With comprehensive experience forecasting the Tulsa, Oklahoma, rental market, Yoni Schmidt begins analyzing prospective investment properties by evaluating their income potential. This involves comparing rent prices with similar properties on the market to gauge the rental’s long-term income potential. You should also calculate your projected monthly rental income compared to your total investment to evaluate your cash-on-cash return. Companies like Keyrenter Property Management allow investors to identify market opportunities and view a sweeping analysis of their investments. These dashboards provide investors with the ability to keep track of their portfolios, equity, returns, and costs, giving them an overall view of their acquisitions. In this episode of The Same Day Podcast, Yonatan Schmidt, the Regional Vice President of Sales and Marketing at Keyrenter Property Management, is interviewed by Chad Franzen of Rise25 about determining the profitability of rental properties. Yonatan describes Keyrenter’s process for purchasing rental properties in Oklahoma, how the company advises investors on purchasing properties, and the value of an investor dashboard.

Duration:00:17:37

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Real Estate Investing and Brokering: What You Should Know

1/30/2024
Curtis Kupfersmith is a real estate sales and investment coach. After selling nearly 50 properties during his first full year as a licensed realtor, he grew a team that reached the top 1% of real estate teams in the state of Oklahoma for three consecutive years. As a real estate consultant, Curtis hosts a mastermind group and the annual Oklahoma Real Estate Conference. In this episode… Real estate investing provides an opportunity for professionals to build a lucrative business. Yet with multiple methods of breaking into the space and various strategies for profitability, what should you consider when weighing your options? Real estate sales professional Curtis Kupfersmith never intended to venture into real estate. However, after obtaining his license and discovering he could make more money than his day job, he became a realtor before opening an independent brokerage. Throughout his journey, Curtis learned that brokerages produce limited income since property management is often involved. He warns against managing rental properties independently, especially if you’re unfamiliar with the process. Since investing in real estate can be risky and you may lose money, Curtis advises regarding this venture as an alternative route to retirement rather than relying on it entirely. When selecting an investment strategy, remaining consistent is crucial to ensure a steady cash flow. In today’s episode of The Same Day Podcast, Mat Zalk speaks with Curtis Kupfersmith, a real estate sales and investment coach, about his journey as a real estate investment and agent. Curtis mentions how he transitioned into sales coaching, the widespread challenges real estate professionals face, and how to develop relationships with bankers.

Duration:00:43:24

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Short-Term Rentals: Management Considerations and When to Transition to Long-Term Properties

1/23/2024
Hannah Shelburne is the Business Development Manager at Keyrenter Property Management in Arkansas, where she manages short-term rental properties. With experience managing both long- and short-term rentals, Hannah closes real estate deals by identifying clients’ pain points and offering top-notch services to resolve them. Steve Howard is the Business Development Manager at Keyrenter Property Management in Wichita, where he manages short- and long-term rental properties. Yonatan (Yoni) Schmidt is the Regional Vice President of Sales and Marketing at Keyrenter Property Management, which has offices in Tulsa, Oklahoma City, Wichita, and Arkansas. After working as a financial analyst at a private equity firm, he founded Tulsa Property Lad to offer clients a better way to buy, sell, manage, and invest in real estate. Yoni provides comprehensive Oklahoma real estate services and listings, supported by first-class customer service. In this episode… With more people leasing their homes temporarily on platforms like Airbnb and VRBO, many real estate investors have considered investing in short-term rentals for consistent cash flow. However, the management process for these properties is considerably more strenuous than traditional long-term rentals. What should you consider before entering the short-term rental market? With extensive experience managing short-term rentals for landlords, management executive Hannah Shelburne maintains that while this method is high-risk, it can be profitable for investors wanting to diversify their assets. However, you must recognize that short-term rentals necessitate an ongoing management process involving maintaining property and yard cleanliness, sourcing technicians to resolve frequent issues, restocking inventory, and assessing if anything was damaged. Additionally, long-term rental expert Steve Howard warns against listing and booking short-term rentals on commercial platforms since they merely facilitate fast transactions rather than source quality tenants. If you’re struggling to obtain a consistent cash flow with short-term rentals, versatile property manager Yoni Schmidt recommends assessing market trends to consider converting the property into a long-term rental. In this episode of The Same Day Podcast, Mat Zalk invites Hannah Shelburne, Steve Howard, and Yonatan (Yoni) Schmidt of the Keyrenter Property Management team to speak about short-term rental management. Together, they share the differences in managing short- and long-term rentals, how to maximize cash flow on short-term rentals, and the influx of short-term rentals in Northwest Arkansas.

Duration:00:45:35

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Renting Versus Buying: Determining the Best Path Forward

1/16/2024
Alfredo Madrid is the Regional Manager of The Mortgage Link, Inc., a full-service lender providing various mortgage solutions. In his role, he leads a team of highly skilled professionals who provide clients with an exceptional home financing experience. With over a decade of experience in the real estate industry, Alfredo has ranked in the top 1% of lenders in the nation for the past seven years. In this episode… When browsing the real estate market, one of the first factors people consider is whether they should rent or buy. This decision often depends on the individual’s short- and long-term goals and credit and employment history. How can you evaluate the renting and buying requirements to make an informed decision? According to real estate veteran Yoni Schmidt, if you lack credit, you may want to consider renting initially and develop goals to purchase a home in the future. To establish or rebuild credit, maintain smaller balances on your credit cards and avoid making large purchases to mitigate debt. Additionally, the rental market emphasizes consistent working hours, so verify any gaps in employment history and compile your tax returns before renting. When you’re ready to purchase your first home, Yoni recommends buying down your interest rate to reduce monthly payments. First-time homebuyers are often incentivized to purchase properties from builders with a price reduction of up to $40,000. In this special episode of The Same Day Podcast, guest host Yonatan (Yoni) Schmidt sits down with Alfredo Madrid, the Regional Manager of The Mortgage Link, to talk about the details of buying and renting homes. Yoni explains the importance of a budget for first-time homebuyers, how his upbringing led to a career in real estate, and how real estate prices and interest rates have fluctuated.

Duration:00:49:07

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Calculated Real Estate Investing: Why Taking Risks Can Be Rewarding

1/9/2024
Max McGuirk is a Commercial Real Estate Broker at McGraw Commercial Properties, which specializes in the disposition, acquisition, and leasing of office buildings, industrial properties, and land. With over two years of commercial real estate experience, Max delivers custom solutions for customers in large and small transactions. He has been investing in real estate since he was 21 years old. In this episode… Real estate investing is a lucrative way to earn money without exerting much effort. Yet reaching a level of profitability requires strategic thinking and a willingness to take calculated risks. Discover how an ordinary professional with a versatile background built a diverse real estate portfolio from the ground up. With an education in accounting and a flair for athletics, Max McGuirk purchased two homes after competing in professional wrestling. Struggling to find momentum in his career, he became a teacher before discovering sales. Max excelled in this field, leading him to engage in tactical real estate investing, yielding high returns on neglected properties. When starting out, you’ll need to obtain funding, so Max recommends partnering with an experienced professional in the industry to split the costs. Since purchasing and renovating properties can also be risky, Max ensures he secures at least a 10% return rate on each transaction by estimating and including repair costs in the price. Through these methods, you can build a robust portfolio and generate consistent profit. On this episode of The Same Day Podcast, Mat Zalk chats with Max McGuirk, a real estate investor and Commercial Broker at McGraw Commercial Properties, who shares strategies for real estate investment growth. Max talks about the investment strategy he leverages when interest rates rise, how he secured financing for a risky investment deal, and how to structure owner financing agreements.

Duration:01:09:22

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How To Provide Tailored Property Management Services: The Keyrenter Way

1/2/2024
Yonatan (Yoni) Schmidt is the Regional Vice President of Sales and Marketing at Keyrenter Property Management, which has offices in Tulsa, Oklahoma City, and Arkansas. After working as a financial analyst at a private equity firm, he founded Tulsa Property Lad to offer clients a better way to buy, sell, manage, and invest in real estate. Yoni provides comprehensive Oklahoma real estate services and listings, supported by first-class customer service. In this episode… Real estate is often a top choice for investors exploring alternative methods of generating passive income. New landlords employ property management companies to help manage their assets, so these businesses must foster loyalty and trust. What actions can you take to ensure your clients receive premier management services? Investing in real estate can be a significant risk, as many invest hundreds of thousands — even millions — of dollars in fluctuating markets. Property management companies must maintain total transparency with their clients, allowing them to view monthly income and expenses. As a progressive business development professional, Yoni Schmidt has segregated his sales and marketing department into three divisions: property management service sales, brokerage sales, and marketing. Each sector contains educational resources and personalized offerings to provide landlords with high-quality assistance. In today’s exclusive episode of The Same Day Podcast, Chad Franzen of Rise25 interviews guest host Yonatan (Yoni) Schmidt, the Regional VP of Sales and Marketing at Keyrenter Property Management, about the company’s customized service offerings. Yoni discusses Keyrenter’s new infographic campaigns, his upcoming role as the podcast’s guest host, and how Keyrenter prevents trust erosion with clients.

Duration:00:16:51

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How To Evaluate Loan Options

12/26/2023
Rockford Steele is the Vice President and Loan Officer at Stout Funding, a commercial loan brokerage helping real estate investors secure funding. As an active real estate investor with a portfolio of rentals, he has been a financial advisor, property and casualty insurance agent, and realtor. In this episode… When it comes to securing loans, real estate investors often lack the bandwidth to determine the best loan or lender. Fortunately, loan brokers are available to help borrowers decide which type of loan meets their financial needs, assessing commercial and private lenders and determining the ideal type of loan for the borrower's situation. How does a broker help you find the appropriate loan to fit your investment goals? As a financial advisor turned real estate investor and loan officer, Rockford Steele can help you navigate the complexities and narrow your loan choices. Conventional 30-year loans offer many options, including lower fixed or adjustable rates, but the qualifications are generally stricter. If you choose a federally backed loan — like a VA or FHA — it's easier to meet the criteria, particularly if you have a low credit score. However, a commercial loan may be a good choice if you're a business or LLC; although the interest rates may be higher and the loan period shorter, the application process is often simpler. Real estate investors may choose a DSCR (Debt Service Coverage Ratio) loan if their DSCR is high enough so the cash flow is better, providing them with a favorable rate. With so many factors and variables, it's beneficial to have a broker on your side to navigate the complexities. In this episode of The Same Day Podcast, Rockford Steele, the Vice President and Loan Officer at Stout Funding, joins Mat Zalk for a discussion about real estate investment loans. Rockford explains the various types of loan options, how interest rates are determined, and which loans are best for the different asset classes.

Duration:00:46:08